Bank of Japan Unexpectedly Cuts Interest Rate Below Zero – New York Times

Bank of Japan Unexpectedly Cuts Interest Rate Below ZeroNew York TimesThe new negative interest rate, minus 0.1 percent, will take effect on Feb. 16. It will only be assessed on balances that commercial banks deposit at the central bank that exceed regulatory minimums. The Japanese central bank will continue paying its …and more …read more […]

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